Ex-EXO members Kris Wu, Luhan settle contract war
L-R: Kris Wu and Luhan (Photo: Cinema Online)
The two ex-members of Korean idol group, EXO, have finally reached a settlement with their company, SM Entertainment, after long-drawn-out contractual disputes that began in 2014.
After several failed court-mediated agreements, both parties reconciled on 21 July and agreed that Kris Wu and Luhan’s exclusive contracts with SM Entertainment will remain in effect until 2022, as per the original agreement in their contracts.
SM Entertainment will manage their activities in Korea and Japan, but outside of those two countries, they will entrust management of both artists to third party companies.
The court also ruled that Wu and Luhan were to share all related revenue with SM Entertainment despite being managed by other companies outside of Korea and Japan.
Legal representatives of SM Entertainment have also released a statement clarifying that “there are no plans for both of them to return as members of EXO”.
Currently, both Wu and Luhan are active in China’s entertainment industry and have also begun taking steps into Hollywood as well.
Luhan will also be making his Hollywood debut this year in the movie, “The Great Wall”, also starring Matt Damon, Willem Dafoe and Andy Lau.
Wu has also confirmed his appearances in the next installment of the “xXx” film series, as well as science-fiction film “Valerian and the City of a Thousand Planets” opposite supermodel Cara Delevinge.
Both singer-actors filed to terminate their exclusive contracts with SM Entertainment in 2014, claiming unfair profit distribution, ill treatment from the company, and the length of their contracts.
